Quanta Services Inc (PWR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.76 | 12.48 | 9.88 | 13.29 | 14.45 | |
| Number of days of payables | days | 37.39 | 29.24 | 36.96 | 27.47 | 25.25 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.76
= 37.39
Quanta Services, Inc.'s number of days of payables has shown variability over the past five years. In 2023, the number of days of payables increased to 41.24 days from 32.68 days in 2022. This indicates that the company took longer to pay off its trade payables in 2023 compared to the previous year.
Looking at the trend over the five-year period, there seems to be fluctuation in the number of days of payables, with periods of increase and decrease observed. The highest number of days of payables was recorded in 2021 at 41.41 days, while the lowest was in 2019 at 27.73 days.
The increase in the number of days of payables may indicate that Quanta Services, Inc. extended its payment period to suppliers, potentially improving its cash flow position in the short term. However, a prolonged increase in days of payables may raise concerns about the company's liquidity management and supplier relationships. Further analysis of the company's financial health and operational efficiency would be needed to fully assess the implications of this trend.
Peer comparison
Dec 31, 2023